Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

v2.4.1.9
PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2014
PROPERTY AND EQUIPMENT, NET.  
PROPERTY AND EQUIPMENT, NET

 

NOTE 4—PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following:

 

 

 

2013

 

2014

 

Cost:

 

 

 

 

 

Computers, peripheral and scientific equipment

 

$

23,659

 

$

144,652

 

Software

 

136,668

 

463,821

 

Leasehold Improvements

 

 

283,014

 

Office furniture and equipment

 

33,377

 

174,953

 

Construction-in-process

 

37,416

 

182,069

 

 

 

231,120

 

1,248,509

 

Less accumulated depreciation and amortization

 

(7,360

)

(207,761

)

Property and equipment, net

 

$

223,760

 

$

1,040,748

 

 

There was no depreciation expense for the period from January 1, 2013 to June 16, 2013. Depreciation expense for the period from June 17, 2013 to December 31, 2013 was $7,360, and for the year ended December 31, 2014 depreciation expense was $200,401. No property was disposed of in 2013 or 2014.